Raymond James Financial Inc. Acquires New Stake in Carter's, Inc. (NYSE:CRI)

Raymond James Financial Inc. purchased a new position in Carter's, Inc. (NYSE:CRI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,694 shares of the textile maker's stock, valued at approximately $1,609,000. Raymond James Financial Inc. owned about 0.08% of Carter's at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRI. Jones Financial Companies Lllp increased its stake in Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after acquiring an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Carter's by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after purchasing an additional 507 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after purchasing an additional 268 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Carter's in the 4th quarter worth approximately $54,000. Finally, AlphaQuest LLC boosted its stake in Carter's by 16,314.3% in the fourth quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock worth $62,000 after buying an additional 1,142 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have commented on CRI shares. Citigroup decreased their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Barclays started coverage on shares of Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target for the company. Wells Fargo & Company lowered Carter's from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $40.00 to $25.00 in a research note on Wednesday, April 30th. Finally, UBS Group reduced their price target on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $36.20.

Carter's Trading Up 3.1 %

NYSE:CRI traded up $1.00 during mid-day trading on Thursday, reaching $33.77. 106,551 shares of the company's stock traded hands, compared to its average volume of 1,473,812. Carter's, Inc. has a 12-month low of $32.04 and a 12-month high of $72.11. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 3.37 and a beta of 1.05. The company has a 50 day moving average price of $38.11 and a 200-day moving average price of $48.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to analysts' expectations of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, sell-side analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 9.48%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio (DPR) is 70.80%.

Carter's Profile

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.